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as firms cutting staff so france still a big concern for the eurozone economy. we'll get more reaction on that in the next five minutes. at the same time, china is rolling out a new ipo plan. a 14 month freeze on new listings. companies will have to provide more disclosure in exchange for letting the market have more say on which deals get the green light. we're in sing ga pure with more market reaction. >> ross, beijing's news will bring the shanghai higher. the shendo boards tumbled 5%. the chinese deposit had its worst plunge ever. so before today the index had rallied more than 80% this year and it lost over 8% in today's trade. chinese authorities signal the likely resumption of ipo approvals as soon as next month. broker rages got a strong boost as can you see from the first row here. banks mostly ended in the green. health wide, new rules requiring cash dividends as well as the state council's announcement to start a preferred pallet program which may help banks shore up its core capital. but beijing is getting tougher on back door listings. while ipo approvals were stalling, ma
the disappointment has been most. we have not seen structural reform as of yet. to push the that economy forward to drive up it isment opportunity and absent. the fourth ee quarter number better assuming an upsurge as a result of the taxation going into next year? >> the anticipation of sales ax increasing next spring is bringing some spending forward. you may see some corporate ahead of that. but the disappointment in japan is we are trying to increase at all. the radical opposition to the economics program would say we should be cutting spending taxes, not increasing taxes increased spending. >> you pwroeu up obama. draw the line between what is hang with the u.s. sort of policy moving forward but in of fed and what will happen in japan. the level of linkage. ex-existential. abe economics depends on the economics and a q.e. policies. what has driven the stock market up and yen down is the huge amount of risk takers piling which is atest story abe economics and shorting the yen. sort of pullback in the global asset price to q.e. the ated yen will be shooting up and stock market would fall. wit
google and apple urged the u.s. government to stop it is spying. japanese economy slows. exclusive interview with the prime minister tells us there is no end to abenomics. good morning, everybody. i am guy johnson. >> i'm francine lacqua. let's get straight to the top corporate story. fiat is planning a $9 billion investment in new models. >> it is part of their turnaround strategy to end losses in europe and revise its italian factories. jonathan ferro joins us now with the details. big money, big focus on the romeo. marks like alfa >> it is not just about upscale and luxury, it is about the cars and fiat that are actually selling, the 500, the alfa romeo that has mass is potential at the luxury end of things and the maserati as well. u.s. selling more in the than anywhere else. it is about made in italy and it looks like it is going to be about sold in the united states. has beent in europe doing so badly and they have had to cut jobs within italy itself heard good news because they're actually leveraging the luxury branding that goes with the identity of italy. that is where the
the economy. a government survey says among japanese workers has improved for the first time in two months. researchers asked more than 2,000 people nationwide how they feel about the economy compared with three months ago. the survey results released on monday show that the november index for the current state of the economy stood at 53.5%. that's a gain of 1.7 points from the previous months. it does suggest the economy is flat. respondents to this work in retail, restaurants, as well as other sectors that are sensitive to economic trends. many other respondents said that home appliances and cars are really selling well ahead of the consumption tax hike next april. workers at many factories say they are receiving more orders. we also got news on the index for the business outlook. it rose 0.3 points to 54.8. that makes for the third safe monthly rise. this reflects optimistic views for the year end shopping season. the cabinet office also upgraded its economic assessment. it previously said the economy is recovering steady. many respondents do expect demand to rise ahead of the consumpti
the economy probably added around 173,000 barrels last month alone. we will preview friday's government report. we have international trade coming along with productivity and cost. at 10:00 a.m., we get new home sales and ism nonmanufacturing. finally this afternoon we have the fed's beige book. 21 of the 30 dow components actually declined yesterday. the blue chip index dropped for a third straight day. this was a little bit of a drop because, again, three days in a row we haven't seen anything like that in several months. if you're wording about investor securities, the gauge rode to a six-week high. this morning, u.s. equity futures are indicated up slightly, up by about seven points. s&p futures down by over a point. nasdaq up about a point. and the ten-year note, this is what we've been watching so closely. the ten-year note at some point is yielding 2.8%. >> exactly. >> that's been driving the direction for a lot of these things. moving up yesterday was around 2.78. but 2.8 is where people start to sit up and take note. >> just under 16,000. vix at 14. ten-year, 2.8%. i'm not ready to sa
of the company. calls to the global economy twenty four hours a day. due to the business into you on all the stops in stocks rose in all prices fell this week on the news of a new pay deal between iran and six world powers the reigning government pledge to make its nuclear program or transparent in bhutan western powers relaxed some of the sanctions on the country the deal was also seen to pique the interest of western companies and stay on a return to a market that has been largely cut off the tee to sanctions. it isn't too late to cry of victory all the years of animosity to help with the business side of the story became time to crispin holes he's managing director to nato intelligence which evaluates political risks said thank you very much in people being with us let me start by asking you how big of a deal t think that this new quit the law actually is how much progress has actually been. while it's it's enormously important is a huge step forward in principle on the terms all the i truly mean to the economic impact of that is much less than that the principle of progress many fear
for the economy in his autumn statement. the chancellor is expected to lower his borrowing costs and offer suggestions that a budget surplus is in sight for the first time since the millennium. >>> still to come, we will in around 20 minutes be at college green outside the houses of parliament for a full autumn preview. joining me will be steve radially, the boss of manufacturing policy group eef. and later in the show, helia will discuss the good and the bad with the british politician lord digby jones. always were a good comment or two, digby. >>> as far as the agenda in the states today, we have initial jobless claims being released at 8:30. the number might be a preview of what might come in tomorrow's jobs report. at 8:30, we get third quarter gdp. a key benchmark on the road map to the u.s. economic recovery. and october factory orders come out this morning. they are at 10:00 a.m. >>> that's the data. what about global asset prices? let's bring you up to speed. ten minutes to the trading day, we are weighted around about 6 to 4 currently advancers outpace decliners on the dow jones s
the last minute hitches. some estimate it will boost world economy by 1 trillion-dollar and create more than 20 million jobs. we're looking at details in just a moment. but first we have reports from indonesia. >> reporter: it was an emotional moment after a dramatic four-day long meeting in ballet. the unexpected wa, and suddenlyt was possible. >> the countries of the wto has accepted a deal that will bring down trade barriers worldwide. it could bring a broader agreement in the years to come. also custom procedures will be more transparent, which should make trade cheaper and developing countries like indonesia are allowed to protect their farmers and poor people with basic food subsidies. india was blamed for not backing down on its food security plan. many in the united states were worried it would effect world market prices. >> i view as a victory for the farmers for the entire developing countries, and there is also a coalition of developing countries that entry waindiawas able to put togetherh its partners demonstrated solidarity and achieve this. >> not every is happy with the d
economy. a $1 trillion to the global economy. >> welcome to "countdown." i am mark barton. >> i am anna edwards. is a bloomberg news exclusive. shinzo abe says there are no and to abenomics. he talks about how japanese companies can stay competitive under his policies. regarding the corporate tax starting next fiscal year, we decided to reduce by 2.4% and we will be moving forward with reviews and studies on how corporate tax should be in order for japanese companies to stay competitive. thee will have a more from exclusive interview throughout the program. >> ukraine. protesters have flooded the streets of the capital among speculation that the president is going to sign up to a russian trade bloc. david tweed is there. angela merkel must be keeping a close eye on that. >> i want to give you an idea on how much of the german media and political establishment -- i want to show the right side the newspaper. this is the picture on the front and is also on the front of several other national newspapers that the statue of lenin was toppled late last night. and then decapitated. this is a bi
the economy so far had not been strong enough to make its time to taper, but now that has changed? >> the economy is certainly doing better. the lead indicators, manufacturing, some of the retail numbers have certainly improved since we last talked. employment numbers are eight bit better. still not great, but it is better. the lagging one is the inflation. i think things have improved enough that maybe the injured forward enough. i suspect a very legitimate debate to move at the december meeting. so it is coming in the next few months. connell: let me go back there one more time. you talk about the fact valuations in several areas were stretched now here we are 16,035 or thereabouts). now the economy is picking up, the market still above 16,000 the pullback with friday's big again. what about the valuations as you see them today? >> they were the triple digit nasdaq companies, some of which are still fairly expensive. the market overall i don't think you can power the table and say it is cheap anymore, but it is not expensive relative to my other choices. so dependent on the u.s.
blast. we begin tonight with inequality in the economy and the dangers to young americans. president obama says 10% of the population is now taking home half of the nation's income. he warns the growing canyon between rich and poor is destroying the economy, and threatening the american dream. president obama -- >> the top 20%, has about a two in three chance of staying at or near the top. a child born into the bottom 20% has a less than one in 20 shot at making i.t. to th -- making o the top. he's ten times modifier likely to stay where he is. >> president obama states statistics that shows the average american income is shrinking. the president asked the congress to raise the minimum to $7.10 an hour. encouraging government dependence. white house correspondent mike viqueria joins us with more. mike, why the speech and why now? >> it's a great question john. first of all the facts that the president and the statistics that the president cited are beyond dispute. there is a growing income disparity in the country. the top 1% has seen their incomes triple, the lower middle class has
of adopting effect the loss of the country needed new political transformations as the economy grew. the two thousand and seven the president proposed in march the consumption can expand the authority of the fall of the constitutional reform was scared out of the initiative of the soul cannot survive the lead for the system was changed to parliament received extra leverage on the government and the political parties and non governmental sector started playing with her walls in defining the policies and finding the solution. in fact some of the presidential powers were given to the prom today we have a bye camaro parliament which present three political parties includes representatives of cars expense people's assembly. the judicial system of the country is also being improved. it extends courts have become more dependent this even receive a better position in the global competitiveness ranking. thus being the basis of a unified in stable second power to institute a presidency in context and features independent in efficient functioning of the legislative i considered and judicial branches of
start to negotiate the best stands for the treat jar ukrainian economy live to one doesn't know what the words when we see you we want it back to times for me and we wanted to intensify all. this agreement is to be signed it was in the fall and it will be necessary to comply with the stunts. haiz co was not welcomed by all stations jesus. they hope to summon enough punishment revolts on tuesday to oust the cabinets. you are gentle called reached justified its decision by saying that ukraine could in the photo great treats aren't sweet to watch. he estimates showed about forty five cents of ukrainians support posts but integration with the eu. but that was ordered as favoring the most part sweet to watch bulls coach point two brackets you with the eu by finding some new ukrainian imports and a quick single trade sanctions. in two thousand knowing dispute between kiev and moscow on gas prices resulting gas being cut off to the ukraine for a three week period the general cctv transmission out to thailand anti government protest leader says that the attacks obama said on tuesday that he
with economies make it clear that not as eager to move closer to taking it as the crowds on the streets of kiev. some eu states struggle under the of a start he would tell police that his decision to forgive people's debt is paid off . i know it from cities and rules can reach it this is auntie international the editor of britain's got the news papers relating to find flat out denying his paper a detailed response publishing revelations about the scale of global cement used to grill by parliament the committee which question of whether the paper is undermining national security zone sez center of the report it did get quite heated. well what the herring it was a lively at times that don't quite have the hang of it i think it's bad to say that this is the guiding the free press managing alonso who plays questions that at some of the questions i think london and raise some eyebrows secondly we had at one point an anti off i'm a three g d that you love your country now that will send me any question that is getting to be raising eyebrows we all say i had one np seemingly content some of the guardi
economy. >>> in the philippines the recovery effort is still plainfully slow almost a month after typhoon haiyan hit. but there is a movement to get the local economy moving again. >> reporter: there's very, very little left on the store like at tacloban, this man knows that too well. he is a fisherman, or rather he was, given that his boat now sits a couple of kilometers inland. >> translator: before i was earning about 300 pesos a day from the catch. but now i don't earn anything because what i catch is what we eat because i don't have boat. >> reporter: his story is replicated thousands of times across tacloban. so the challenge after the emergency aid phase is to get people working and let the local economy take over again. every street in tacloban is an absolute mess and they need cleaning up, which means you have ready made jobs, which is why you have up to 20,000 people lining up to take part. >> even if they are cleaning their house, we give -- we pay them. our point is that if every one of them are cleaning up tacloban, we can revive it, and then they are able to buy things. if y
the jobs front about a divide in the u.s. economy: the labor market seems to be getting stronger once again. yet for many on the lower end of the income ladder, the big gap in wages is sparking a budding movement. we begin with economics correspondent paul solman on the unemployment rate's drop to a five-year low, even as many jobless americans face more difficult times ahead. the story is part of paul's coverage on making sense of financial news. >> reporter: the latest snapshot of the nation's jobs situation-- showing 203,000 positions added in november, and a jobless rate of 7% was even rosier than anticipated. we asked northeastern university economist barry bluestone what he made of the numbers. >> on balance this was a good report today. over 200,000 people are back to work. we've brought the unemployment rate down from 7.3% to 7%. that's all good news. of course many of those were federal employees coming back to work after furlough, but we had some good news about manufacturing employment, construction employment, pretty much across the board. so in general this is good news plus o
for it with those fees much more incremental. that helps reduce fiscal drag on the economy. my information is about the same as yours but with one important difference. the sequester doesn't end in 2015. the sequester is slated to keep going through, i think, 2021. >> yes. >> while this would definitely change the sequester for a couple of years, it does at least in terms of current law come back. >> once you break it, you own it. i was in the grand rudman days. once you break it, you own it. it's interesting, dave, i accept the fact that the defense hawks didn't want the sequester, some budget movement has to occur. whether these user fees go through or not remains to be seen. but it's interesting because my friend jared bernstein and all his colleagues at the congressional budget office told us how bad it would be if we actually used the sequester and had budget caps, how it would damage the economy, how it would kill 700,000 jobs. and what's interesting, it didn't kill 700,000 jobs. actually jobs are rising. actually i venture to say in true milton friedman free market art laffer economies, i th
if this fragile economy had any legs. now we're seeing those legs. one thing i was really encouraged by was the slight increase in labor force participation rate. you can see that across a lot of h-cohorts. the only one that went down was initial one 16 to 25. other than that the other cohorts they were rising. that sort of increase lakreescrease legitimizes increase. >> and people retiring who might have stayed in the labor force during the recession. things look like better. they're retiring. the unemployment being where it is may stay down there despite the upward pressure may not be as high as some thought. haum more months before we hit 6.5% on the unemployment rate? >> i have believed for a long time we'll see 6.5% unemployment rate by the fourth quarter. keep in mind, even with today's federal reserve flow of funds data showing another record increase in household network worth. a lot of people that lost money in the financial crisis they got it back and are even ahead of the game and they're feeling more comfortable. this they want to retire they're retire.
. they've got a good monetary policy, lower corporate tax rates than we have. their economy is growing better. but when it comes to health care, they come across the border. >> well, the wealthy and those that can afford to come across the border do. but those that can't get access to health care in america are stuck in emergency rooms with high temperatures waiting to get their children taken care of. i concede this is a mess. we may have tried too much too fast and on a partisan basis. i've said we should hit the reset button and open ourselves up to new ideas. and larry kudlow always has new ideas, even if they're conservative. >> i appreciate that and appreciate your honesty. republicans are licking their chops about the elections coming up in 2014, roughly a year from now. we're going to talk more about that later in the show. what i want to ask you is, what can you do for a simple, transparent, compassionate response to the breakdown of obama care? i have an answer. but i want you to go first. >> well, with any health reform proposal, we have to look first at the root cause of th
that expanding sunday work to help the economy employees at this home improvement store have fought for months to work on sundays we continue to spare during the week i decided to get twenty find unison. mawson working on a sunday is a choice for me to be doing the years. i'm happy about that a government commissioned report says greater flexibility and clarity are needed. he recommends reducing the number of allow working some tasty. while confined it also recommends revue in commercial zones are determined to break down shops and stalls easier open on sundays because the famous and the music for stone that department stores next to the opera remain closed. and not slacking on sundays here in france is the subject of the debates which starts right now with costs october which is already started here and here on the set many things like their pride. in the newsroom. also tongs has made good on his promise france's president promising to reverse the trend of unemployment before the end of the year last thursday news came and twenty thousand jobless went back to work well that's the good news an
:00 p.m.'s economy slowed more than estimated last quarter. gdp was 1.1%. that was revised down from the first estimate. business spending was weaker than initially thought as companies are cautious on their economy. protesters poured into the streets of kiev. they fear that the president is going to bring the country into an economic bloc led by russia. this followed a rally where they tore down a statue of vladimir lenin. and a chance to own a piece of the sydney opera house. you can own a tile for as little as $90. you do not own it physically, but you can personalize it online, giving you virtual ownership. fundraiserart of a to pay for the renovations. >> i would do that. people buy stars for each other, why not buy a piece of the opera house. >> there is a birthday gift for tom. >> time for single this chart. what do you have? >> he is going to become the ceo of time warner cable. there is work that the company will be acquired soon. rob marcus has a big payday coming. he could go out the door with a golden goodbye. we wanted to take a look at what other recent severance packag
of november on optimism that the us economy is on the path to recovery and there this week may provide further evidence of that one protocol stack. here are starting off the new week and the final month of the year. the good of an email a guard standing by the tokyo stock exchange the meta twenty of the new also he stops just a touch on friday about mart big gains for the month. i think shaping up this monday morning. and how much i use indeed i'd like to be games for the nikkei last the month i actually rose nine point eight percent on the month of led largely by the stronger taller that we saw which was a lot of exports but let's not let see if i were taking off up to date december seconds and a bit of a mixed picture here of the nikkei just marching in the negative topics just barely in the positive we'll see how that develops. now i know you can take over key economic data may arise but the house in the sense that the u s jobs data on friday is going to be the big focus for today because it's gotta be the last one before the federal reserve policy meeting on december seventeenth and eighte
on the economy. investors, not all of them, rejected that good news on wall street. we will be talking with moody's chief economist john lonski. it's not just the mullen isles, americans just don't trust each other anymore. we explored our countries trust deficit. robbie leatherwood will speak with us next. reporter: vice president aydin in asia, trying to keep the chinese are starting a military conflict. former army four-star general jack keane on what the administration should do next as a business owner, i'm constantly putting out fires. so i deserve a small business credit card with amazing rewards. with the spark cascard from capital one, i get 2% cash back on ery purchase, every day. i break my back around here. finally soone's recognizing me with unlimited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital one. choose 2% cash back or double miles on every purchase, every d. what's in your wallet? i need your timesheets, larry! ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right trac
overnight now if the economy. whaley hiding in the fall. it's the markets are expecting and it is a meeting in the folds our ukraine so it is a very serious situation the ukrainian central bank that's all it is almost grown it doesn't have any money and won't be able to support the ukrainian currency going forward. unless you train gets credits immediately. a tiny baby genius denying a half months to sell us oil joint exploring fish a look at me with only the least for the mine. the demonstrators and i refusing to meet the training site despite the heavy police presence saying the court of asian extraction method could permanently damage the environment is the capital for custody. in a remote part of romania ideal rage and fury protesters stormed the work site operated by chevron. police responded with full force those who didn't leave willingly were dragged away so you can see at sony up in my country i live in the place for scenes of the high political price taste of home projects the company front of the net the the people here want to know is who will protect them from big business. th
and inflation data, maybe the global economy is doing better. therefore, risk assets have started to rise somewhat. let's break that down for you in terms of individual sectors. the ftse down. flat this morning. the xetra dax is up .4. the ftse is up around half of 1%. one interesting picture as far as commodities are concerned today. spot gold, 1230 is where we stand. it's down 27% this year. managed to stay fairly flat post the jobs number. on the other hand, copper is down. it's really the tapering talk outweighing the better chinese data. brent holding 111.96. on the bond market, treasuries haven't done too badly today. 2.85% in europe. 2.89%. there is a sense fairly comfortable we might get some tapering. euro dollar up to 137.68. it was at 137.16. you're not far away from the six-month high we hit last week of 103.38. chinese data and sterling, 163.66 just below the six-week number we hit last week. that's where we trend right now. in europe sixuan joins us. >> thank you, ross. happy monday. asian markets gained traction. china markets ended just marginally higher ahead of this week
is the appropriate agency of resolution for so many of these problems and our society and our economy? >> i couldn't agree more. i think if they left us more -- gotten aetna, cigna, united and the blue cross plans in a room together and said let's figure this out. why don't you go on the website for us, it would have been a lot more successful and done a lot more quickly. i think the more they delegate to private k350e7bs, the better off they'll be. they're learning it the hard way. >> they're learning it the hard way. i take your point that these are good people, smart people, but not really the people i, frankly, give a damn about. i'm concerned about the american people, the people who have been promiseduch by an administration that seems to be capable of very little. the idea that we've gone through, over the last three fiscal years, they've raised over $50 billion in revenue for the affordable care act. they're on track right now. there will be an additional 500 can we put that up, $50 billion collected, 2010 through '12. then, of course, this year and next -- through the ne ten years, we'll
because the what the nazis and the sweet is that. the and that that the economy and to amend the deal positions as much or eat at the bottom that they cannot dismiss the government and they want the government to dismiss salam. action is very difficult to predict what had happened. you'll be sucked into the model not a situation thank you very much that the professor makes all negotiable. thank you. will the world new the french forces are now taking up positions in flashpoint areas of the central african republic. it's meant to help put an end to several days of sectarian violence. an estimated four hundred people dead and forced thousands to flee their heads the country's top catholic official today appealed for calm. he's urging christians in the country to end the cycle of vengeance against the country's muslims i kept silent on the tumble in the capital boogie is koda limits. tomorrow is our chicken of the crucial during the transitional government and mainstream presentation due to the heat out of the soldiers the ripples from the former coalition to help him go. president. what
economy also on my head. and they've seen an artist donald i will still be ukrainian capital of justice toward police lines and capture of mr to buildings hundreds of thousands of roman streets demanding the country's leadership resigned over the shelving of a trade deal with the eu. so the top headlines of the week despite general praise for historic deal on the roads become pregnant. the bombers attacked by forbes in washington he think the role has been let off the hook and these golden independence movement launches its manifesto to much acclaim but critics say the least effect is heavy on the tail lights and all the facts. the most of the day's top stories in the latest developments. this is the weekly one on teams it's a breaking news this hour as mini zoo hundred and fifty people being injured in the ukrainian capital two thirds of them police officers several arrests were made as protests is all that a gas stones and metal chains broke into the city council building and tried to storm the presidential administration. hundreds of thousands of demonstrators all the stre
news on the economy. investors, not all of them, rejected that good news on wall street. we will be talking with moody's chief conomist john lonski. it's not just the mullen isles, americans just don't trust each other anymore. we explored our countries trust deficit. robbie leatherwood will speak with us next. reporter: vice president aydin in asia, trying to keep the chinese are starting a military conflict. former army four-star general jack keane on what the administration should do lou: let's take a look at the global hotspots that are not cooling. in afghanistan, president hamid karzai shutdown secretary john kerry's suggestion that the united states could rcumvent through famine have afghans defense ministers on a security agreement that would allow u.s. troops to stay in the country past next year. the spokesman of hamid karzai says he would not promote any of his ministers to sign in his place my certain demands are met, including a demand to change miliary operation. any major blow to hezbollah. one of its top military leaders gunned down outside of hishome in a bu
. not much of these. i actually found its way through the economy soul. if we are to duel in alterations similar to the ot i roll. we want to make sure that this is being used for the economy. some regulations went into juice funds to banks but i can't actually see the problem lending it out. now the ecb is holding back on intervening. it's cute explanation for that was obscured. we have not identify. and mostly the various and numerous easter is sweet that one specific instrument in the discussion we had today the weekend that we had a brief discussion about native deposit rates by the close of grief. the economic recovery has slimmed down on the razor and ecb kept its key interest rate unchanged on testing. it also expecting me a very slight rise in inflation between now and twenty fifteen. a quick look at the movement of the markets today signing in frankfurt the dax was down by about six tenths of a percent to nineteen eighty four that killed some fifty down by a bit more one point two nine over new york the dow jones industrial average is still trading at down the river percent of t
are furious about the failure to sign a trade deal with eu and turn to moscow to save the economy. >> translator: i want a new government that listens to the people and doesn't treat us like animals. >> translator: we are here to fight for our rights and our kids are brought up in a good country without corruption and where everything is fair. >> reporter: the crisis here is reaching a crucial moment and he believes he can survive with moscow's help but they are ready for a long fight to achieve aims and i'm tim friend with al jazeera. >> leaders lack constitutional power to oust the government before the presidential election in 2015. a riot breaks out in singapore's little india district after an india national was struck and killed by a bus. crowds attached police and set cars on fire and dozens were injured and 27 people were arrested. it was singapore's first major riot in four decades. and the president of venezuela won half of the elections on sunday and held control in the oil city and the capitol caracas and inflation is 54% and power outages and shortages of necessiti
the future of their economy. >> reporter: for more than ten years the money market in kabul has done a roaring business. foreign aid and investment poured into the economy, and afghans making money honestly or otherwise, traded in foreign exchange. now it's bus yeser than ever because of increasing anxiety of the local currency of the afghani. the president of afghanistan is still refuse to go sign the security pact with the u.s. that would mean some foreign forces would remain after 2014. but billion dollars of aid would remain. with that the economy is expected to collapse without that. that is causing fear in the business community. >> if it is not signed then people will be panicked and it will effect the country. it is disappointing and our businessmen are not investing. people are worried because they cannot work confidently. >> at afghans panic and exchange their money for u.s. dollars the afghani dollar is being devalued. where much of the food is imported prices are going up. >> reporter: this is where afghanis come to spend their hard earned money, but food price versus gon
a floundering economy. there is one area that can help break the logjam, not solve all our problems, certainly, but help us significantly along the way. congress should address the critical needs of our nation's infrastructure deficit. roads, bridges, transit systems are all increasingly at risk. we are facing an inadequate state of repair, construction of new facilities are on hold and we are losing ground in meeting our own needs, let alone the challenges of global competition. yet, this challenge is an opportunity for some potential progress. we know what to do to meet this challenge. we can write a new transportation bill that will meet today's needs. it just needs more money. there is a vast coalition that supports additional resources for infrastructure. the so-called special interests that are so often at odds are remarkably aligned when it comes time to recognize and fix this problem. business, labor, professional groups, local government, environmentalists, truckers, bicyclists all agree. the paralysis that surrounds questions of raising taxes does not necessarily need to apply in thi
is bill clinton talking about one of his most famous campaign quotes from 1992. it's not it's the economy, stupid. in ukraine it looks like a cold war up rising stuck in a debate over democracy. we will go live to kiev for the latest. good morning from washington. this is "the daily rundown." coming up, a deep dive into bit coin and how it could fit into the world's phi national future. this is a wild new currency gaining steam online. let's get to the first reads of the morning. you can call the last month and a half for the republican party. after losing the last two contests after the shut down in the midst of a battle in the party, republicans clearly have the political swlj it comes to health care. they are in a bit of a quandary. they believe healing care is a winning issue, they are not sure of the next move. the president will test out some of the themes of the upcoming state of the union address and will provide a window into where he focuses energies over the next three years. this is the need for upward mobility. the president will explain how the health care law fits into his
economies. improvement and growth, but what's happening in the real economy? >> the spanish enclave that's a tempting gateway for illegal migrants. (vo) al jazeera america we understand that every news story begins and ends with people. >> the efforts are focused on rescuing stranded residents. (vo) we pursue that story beyond the headline, past the spokesperson, to the streets. >> thousands of riot police deployed across the capitol. (vo) we put all of our global resources behind every story. >> it is a scene of utter devastation. (vo) and follow it no matter where it leads, all the way to you. al jazeera america. take a new look at news. >> this isn't a new channel, this is a watershed moment in media for america. >> this entire region is utterly devastated. >> people our here are struggling. >> the fire jumped the highway we took earlier. >> your average viewer want's to actually understand how the health care law is going to help them or hurt them. >> they know they can get extremist bickering somewhere else. >> people say that we're revolutionary. our revolution is just going back
survive while allowing enormous damage to irreparable damage being done to done to the iranian economy. we've seen in the polls in the middle east north africa extended periods of sanctions that don't remove a regime of the puppy mill most damaging thing is done to the economy into the population larger than one thinks of a day or iraq for example within the regime could survive for much longer. but the regime using its own its longer term survival. and to achieve that i think the regime needs sanctions. and aviation before the damage this on the economy is becomes irreparable will never let us as happened in iraq. in how the state's key thing that they were in court and he is at the moment infection this time. growth is basically ignore that. so it seems pretty bad from the from the outside. it is extreme and out and given that the economy is very much driven bali government spending which is itself a function of government revenues to come from. crude oil exports limitations on crude exports stronger low economic growth is an open environment where you have a very large scale private sec
in the party. chung worked to open up north korea's economy, but fell from grace in 2003. observers thought he'd be dismissed. his whereabouts were not reported again until 2006 after kim jong-il's death in 2011, chung and his wife supported the young successor. chung was given the task of meeting chinese leaders last year. >>> in tokyo, japan's chief cabinet said the government is closely monitoring cheng's reported dismissal. >> translator: the government is paying close attention to the situation in north korea. we are gathering various information, while coordinating with other countries. >> suga said there was a meeting held on the matter. the report on the possible reshuffle in pyongyang raises plenty of questions. we turn to a north korean expert for answers, a senior fellow at the korean institute for national reunification. >> it is very shocking to me, because he is the number two in politics and he was the king maker of kim jong-un when kim jong-il was -- as problem happened. a power struggle between them is maybe likely, but it's too early to happen, because, you know, kim jong-un
would be cheaper that the government will lose the deal would actually damage the economy for very little in return the opposition students to skip should resist pressure from moscow but close economic ties with russia including a free trade said in a shed business landscape and increased exports able to pull the states together. an associate professor of political economy. jeffrey someone says to use trade relations with the ukraine have touched the country if we take a look an eastward expansion itu we can see that it has in the past. produce de industrialization in the east only migration from the east to west. and so we've also seen west european in the east and i think that the eu is a yet to experience the course of the past for five years the economic crisis in its ease further eastward expansion as a waitress all their own problems and last year. some sunni politicians to be blaming russia for the events taking place in kiev saying it was pressure from moscow that sunk the deal with the eu and some of those politicians of being seen in the central kiev cheering protest is a
the geelong plant ukraine profit from europe's economy this european union officials and heads of european states tried to explain the inventive use of your hand the main even if new ukrainian coal beds that will be able to penetrate the european market. he's only one explanation for that he did it with you on. indeed the european market. he's nice and very protected markets. and it is actually the ukrainian market that's your real needs particularly in these times call for an economic crisis has sold its head between his duty as an extension called the european market. protests in kiev began in november the plaintiff as to say no to the government said it was suspending a major trade deal with the heat while a zombie and tools independence plan on sedan not the week with several thousand demonstrators and police occasionally engaging in scuffles on friday night eleven security forces run out of patience and raided the county seat is she a force to disperse the crowd authorities were quick to find any prices in central kiev but this is only set to encourage today's opposition to a good day
rate fell to a 5-year low and is at 7%. the economy gained more jobs than expected adding 2003 positions. they were low spread in high and low positions. mike viqueira has more from the white house. >> new unemployment figures are good from the white house. they've been waiting for this. whether or not 7% matters economicallily or to any people for millions out of work, and those who have given up looking for work, from a political standpoint it's good news for the obama generation. with unemployment insurance set to expire, the white house is stuck in an ironic situation. they are arguing for an extension. if growth is improved, it was announced thursday and friday down to 7% unemployment, the lowest in five years. the administration says that unemployment insurance has got to be extended. white house spokesman jay carney made the case on friday afternoon. >> the news we have today eenforces that we need to address the problem and extend unemployment insurance benefits to those individuals. this is a persistent problem. it would be terrible to do that to more than a million fa
the ukraine's economy was weak and i'm a joint force goal line kiwis in kiev for some poeple will meet at us about this meeting between the presents. well ukraine's on defiant president dixie on the color that stopped off in a softie for mason with his russian counterpart that in the region on the way back from a visit to china according to court after needed to ukraine's prime minister get a cut that was looking to secure all but cemented stronger economic ties with russia. what's been described as a writer cannot do up remains disagreements between the two countries in the areas of trade on to the economy not the ukrainian economy is struggling right now the country is heavily in debt on to beat struggling to pay some of it just goes to russia on the dignity of the cartridge was looking to try to kill some kind of detail on the front spots any media suggestions are many reports of that to kiev is on the brink of signing the customs union without russia alongside kazakhstan that a race that has been dismissed with russia said the topic wasn't even discussed but the debate of little consolat
is alive and kicking the country's economy has rebounded after the recession which struck our five years ago with state reading its own path to financial well being. instead of trying to save its bankrupt banks the government will let them go to the law. the leadership then decided to reject a lost deposits repayments being swayed by protesters he said the plan is unfair. instead every household in the country will now have twenty four thousand heroes written off their mortgage banking executives accused of causing the crisis the first place are also being pursued at the state. master of binary economics mighty shakespeare believes that iceland is setting a remarkable example. you must rely on your own national bank. for your own new uses for your own with economy and for the spreading and if you don't do that you'll be trapped into debt in the same way that when the priest of god christ and that you've got a free country in the well is being checked into the increasing debt. and all that happens is that they increase the levels of debt and smashed the populations down. we need every vot
'll be right back. as your life changes, fidelity is there for your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. where their electricity comes from. they flip the switch-- and the light comes on. it's our job to make sure that it does. using natural gas this power plant can produce enough energy for about 600,000 homes. generating electricity that's cleaner and reliable, with fewer emissions-- it matters. ♪ >>> okay. live look at capitol hill as the sun has yet to come up. here with us director of the earth institute, economist jeffrey sachs. we have sacks and rattner. >> heck of a "new york times" article, obviously the sort of things you've been talking about for so long. >> everyone is talking about them now. you know, we went for so long without discussing these realities now. everyone is opening their eyes. an
into the economy and a afghans making money, it's busier than ever because of increasing are anxiety because of the local currency of afghanis. billions of dollars in aid would also remain. without that, the economy is expected to collapse. that delay is causing fear in the business community. >> if it is not signed, then people will be panicked and it will affect the economy of the country. people are running away. people are disappointed and our businessmen are not investing. money dealers are worried because they cannot work confidently. >> as afghans panic and exchange their money for u.s. dollars the afngafghani is being devalued. prices are going up. it's in markets like this where regular afghans come to spend their money buying food. price he have gone up significantly in in the past few days, that's because those selling the food buy it in wholesale in dollars, they find the don't bias much food that the exchange rate has never been so bad. >> in a few short weeks the price of these sacks of flour has risen 10% traders say. >> the prices have become so my before we could buy when it
for the economy. air amazon, geoff bezos is floating the idea. we will ask an expert if the drone delivery service is really coming to your doorstep. >>> picture this: sweeping scenes and deeply personal moments. tonight, the most extraordinary images of the year. >> there is much we do not know about yesterday's deadly train derailment but we know this. it was traveling at an extraordinary rated of speed, almost three times the limit as it approached a dangerous term. several cars jumped the track leaving the scene of devastation. four passengers were killed. scores injured. investigate orders are trying to figure out what went wrong and why. jonathan martin has the latest. >> reporter: the question remains now: was this caused by operator error or some sort of mechanical error on the brakes. we know from the ntsb, speed was a factor. >> that's something that was reported early on by passengers and witnesses. investigators with the national transportation safety board say they now know the commuter train was going too fast as it approached a curve. >> the preliminary information -- let me emph
of u s china relations. president she said the world's two largest economies that you need to share responsibility for upholding world peace and promoting human development looking into the future we stand ready to work with the us to continue to build a new model of major country relations. respecting each other's core interests. a major concerns while continuing to strengthen international cooperation and communication to deal with global issues she told by an old friend. everything went well over the forty five minute schedule to meet him and commented on the air defence zone just use but it will be on the agenda tensions in the region are at their highest teen years marley's chief prosecutor has announced the discovery of the remains of twenty one people in a month's grace this baby can't even achieve that. once they get the countries that the strong man who was rested last week and charged with complicity in kidnapping according to the prosecution of the bodies being found. i meant to say no that would force a likely be charged with assassination the health of presidents is a s
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